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National Bank Of San Marino
The Central Bank of the Republic of San Marino (CBSM) ( it, Banca Centrale della Repubblica di San Marino), is the central bank of San Marino. The CBSM was established through a merger between the (San Marino Credit Institute, a body with public and private shareholders acting as the central bank of the Republic of San Marino) and the (Inspectorate for Credit and Currencies, a public administration office charged with supervisory and combating money-laundering activities). The central bank's endowment fund is currently €12.9 million divided into 2,500 indivisible registered shares worth €5,164.57 each. The possessory title of these shares is reserved to the state, as majority shareholder, and to San Marino undertakings engaged in credit, financial and insurance activities. Pursuant to art. 3 of its statutes the Central Bank of the Republic of San Marino will exercise its powers for the purpose of: * promoting the stability of the financial system and protecting savings, who ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Ownership
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a state-owne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sammarinese Lira
The lira (plural ''lire''; abbreviation: SML) was the currency of San Marino from the 1860s until it was replaced by the euro on 1 January 2002. It was equivalent and pegged to the Italian lira. Italian coins and banknotes and Vatican City coins were legal tender in San Marino, while Sammarinese coins, minted in Rome, were legal tender throughout Italy, as well as in the Vatican City. Coins San Marino's first coins were copper c.5, issued in 1864. These were followed by copper c.10, first issued in 1875. Although these copper coins were last issued in 1894, silver c.50, 1 Lira, 2 Lire and 5 Lire were issued in 1898, with the 1 Lira and 2 Lire also minted in 1906. The Sammarinese coinage recommenced in 1931, with silver 5 Lire, 10 Lire and 20 Lire, to which bronze c.5 and c.10 were added in 1935. These coins were issued until 1938. In 1972, San Marino began issuing coins again, in denominations of 1 Lira, 2 Lire, 5 Lire, 10 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 2005
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2005 Establishments In San Marino
5 (five) is a number, numeral and digit. It is the natural number, and cardinal number, following 4 and preceding 6, and is a prime number. It has attained significance throughout history in part because typical humans have five digits on each hand. In mathematics 5 is the third smallest prime number, and the second super-prime. It is the first safe prime, the first good prime, the first balanced prime, and the first of three known Wilson primes. Five is the second Fermat prime and the third Mersenne prime exponent, as well as the third Catalan number, and the third Sophie Germain prime. Notably, 5 is equal to the sum of the ''only'' consecutive primes, 2 + 3, and is the only number that is part of more than one pair of twin primes, ( 3, 5) and (5, 7). It is also a sexy prime with the fifth prime number and first prime repunit, 11. Five is the third factorial prime, an alternating factorial, and an Eisenstein prime with no imaginary part and real part of the form 3p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Regulatory Authorities
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Banks
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Most central banks also have supervisory and regulatory powers to ensure the stability of member institutions, to prevent bank runs, and to discourage reckless or fraudulent behavior by member banks. Central banks in most developed nations are institutionally independent from political interference. Still, limited control by the executive and legislative bodies exists. Activities of central banks Functions of a central bank usually include: * Monetary policy: by setting the official interest rate and controlling the money supply; *Financial stability: acting as a government's banker and as the bankers' bank ("lender of last resort"); * Reserve management: managing a country's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of San Marino
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sammarinese Euro Coins
Sammarinese euro coins feature separate designs for every coin. All the coins are inscribed with the words "San Marino" and the twelve stars of the EU. The Sammarinese euro coins are minted by Istituto Poligrafico e Zecca dello Stato (IPZS), in Rome, Italy. First Sammarinese euro design (2002–16) For images of the common side and a detailed description of the coins, see euro coins. Second Sammarinese euro design (2017–present) Circulating mintage quantities Commemorative coins The Republic, just like the other European states who have the right to issue euro coins, issues commemorative coins, of which the most notorious denomination is €2. The Republic has also issued commemorative euro coins in other denominations, such as the 2014 €5 coin dedicated to three-time Formula One World Champion Ayrton Senna in 2014, being 20 years from Senna's fatal crash at the San Marino Grand Prix. This coin was also complemented by a commemorative €2.50 stamp. Notes See al ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of San Marino
The economy of San Marino is a developed free-market economy focused on industries such as tourism, banking, and the manufacture of ceramics, clothing, fabrics, furniture, paints, spirits, tiles, and wine. Taken together, the manufacturing and financial sector make up more than half of the national GDP. The primary sector contribution to the GDP of the country is marginal, with the main agricultural products being wine and cheeses. In addition, San Marino sells collectible postage stamps to philatelists. Overview San Marino's per-capita GDP stands above $48,000 in 2018, placing the country 15th in the world. Overall, the per capita level of output and standard of living is comparable to the richest regions of Italy. Most of the food, water, and other raw resources are imported from Italy, including also the totality of electricity and natural gas. Taxes, especially on labor and capital income, are generally much lower than in Italy, therefore, there are extremely strict requireme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Catia Tomasetti
CATIA (, an acronym of computer-aided three-dimensional interactive application) is a multi-platform software suite for computer-aided design (CAD), computer-aided manufacturing (CAM), computer-aided engineering (CAE), 3D modeling and Product lifecycle management (PLM), developed by the French company Dassault Systèmes. Since it supports multiple stages of product development from conceptualization, design and engineering to manufacturing, it is considered a CAx-software and is sometimes referred to as a 3D Product Lifecycle Management software suite. Like most of its competition it facilitates collaborative engineering through an integrated cloud service and have support to be used across disciplines including surfacing & shape design, electrical, fluid and electronic systems design, mechanical engineering and systems engineering. Besides being used in a wide range of industries from aerospace and defence to packaging design, CATIA has been used by architect Frank Gehry ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banca Di San Marino
The Bank of San Marino is an institution created on December 20, 1920, in Faetano, Republic of San Marino San Marino (, ), officially the Republic of San Marino ( it, Repubblica di San Marino; ), also known as the Most Serene Republic of San Marino ( it, Serenissima Repubblica di San Marino, links=no), is the fifth-smallest country in the world an .... It was don Eugenio Fabbri, then parish priest in Faetano, who, together with some parishioners, founded the first cooperative association in general partnership of that territory. Until 2001 it was called Rural Bank of Loans and Deposits in Faetano (Cassa Rurale di Depositi e Prestiti di Faetano), then its name was changed to Bank of San Marino (Banca di San Marino SpA ). A first branch was opened in the capital of San Marino in 1974. Today there are 12 branches, with more than 140 employees. It is the parent company of Leasing Sammarinese, Banca Impresa di San Marino, BSM Immobiliare, San Marino Business, Easy Business SpA ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cassa Di Risparmio Della Repubblica Di San Marino
Cassa di Risparmio della Repubblica di San Marino is a financial institution based in San Marino. It consists of 16 branches and operates as both a retail and commercial bank for San Marino citizens and as an offshore private bank for non-resident clients. It also owns Kovanica d.d., a bank based in Varaždin, Croatia, which became a subsidiary of the bank as of January 24, 2007. History Founded in 1882, it is San Marino's oldest financial institution. With a 2007 net income of €7.2 million, it is San Marino's largest bank. On July 29, 2008, the bank filed a lawsuit in London's High Court against Barclays, seeking damages totaling €170m for the sale of customised securities that carried a higher risk than the bank claimed to have understood. The bank's suit also stated Barclays sold it investments that it ultimately didn't need. In 2009 the bank management was arrested by the Italian police under allegations of money laundering and of unauthorized exercise of banking activ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
